Problem 1 – Stillwater Manufacturing 1) Raw and In Process 356,000 Accounts Payable 356,000 2)

Finished goods 373,700 Raw and In Process 373,700 Raw materials purchased 356,000 RIP beg. (42,600-
6,900) 35,700 RIP end (22,500-4,500) ( 18,000) Mat. content of units completed 373,700 3) Cost of
goods sold 390,700 Finished goods 390,700 Mat. content of units completed 373,700 FG beg.(45,000-
17,000) 28,000 FG. End (16,000-5,000) ( 11,000) Mat. content of units sold 390,700 4) Cost of goods sold
14,400 Raw and In Process 2,400 Finished goods 12,000 Conversion cost RIP FG End 4,500 5,000 Beg. (
6,900) (17,000) Increase (decrease) ( 2,400) ( 12,000) Problem 2 – Magnolia Corporation 1) Raw and In
Process 444,000 Accounts payable 444,000 2) Finished goods 442,460 Raw and In process 442,460
Purchases 444,000 Mat. In RIP beg (23,400-7,020) 16,380 Mat. In RIP end (25,600-7,680) ( 17,920) Mat.
Content of FG 442,460 Cost of goods sold 730,000 Accrued payroll 350,000 FO Applied 380,000 3) Cost
of goods sold 445,960 Finished goods 445,960 Mat. Content of FG 442,460 Mat. In FG beg. (24,000-
7,200) 16,800 Mat. In FG end (19,000-5,700) ( 13,300) Mat. Content of units sold 445,960 4) Raw and In
Process 660 Cost of goods sold 660 Conversion cost in RIP end 7,680 Conversion cost in RIP beg ( 7,020)
Adjustment 660 5) Cost of goods sold 1,500 Finished goods 1,500 Conversion cost in FG end 5,700
Conversion cost in FG beg (7,200) Adjustment (1,500) Problem 3 – Smart Manufacturing Company 1.
Materials purchased 146,000 Materials in RIP beg (15,000 – 4,400) 10,600 Materials in RIP end (24,000 –
7,800) ( 16,200) Materials backflushed from RIP to FG 140,400 2. Materials backflushed from RIP to FG
140,400 Materials in FG beg (36,000-10,800) 25,200 Materials in FG end (18,000-6,500) ( 11,500)
Materials backflushed from FG to CofGS 154,100 3) a) Raw and In process 146,000 Accounts payable
146,000 b) Cost of goods sold 180,000 Accrued payroll 80,000 FO Applied 100,000 c) Finished goods
140,400 Raw and In Process 140,400 d) Cost of goods sold 154,100 Finished goods 154,100 e) Raw and
In Process 3,400 Cost of goods sold 900 Finished goods 4,300 RIP FG End 7,800 6,500 Beginning (4,400)
(10,800) Increase (decrease( 3,400 ( 4,300) Problem 4 – Chiz Manufacturing Company 1) Raw and In
Process 230,000 Accounts payable 230,000 2) Finished goods 245.200 Raw and In Process 245,200
Materials purchased 230,000 Materials in RIP beg. (40,000-12,000) 28,000 Materials in RIP end (28,500-
15,700) ( 12,800) Materials backflushed from RIP 245,200 3) Cost of goods sold 264,700 Finished goods
264,700 Materials backflushed from RIP 245,200 Materials in FG beg. (35,000-8,800) 26,200 Materials in
FG end ( 19,800-13,100) ( 6,700) Materials backflushed from CofGS 264,700 4) Cost of goods sold
405,000 Accrued payroll 180,000 FO Applied 225,000 5) Finished goods 4,300 Cost of goods sold 600
Raw and In Process 3,700 RIP FG End 12,000 13,100 Beginning (15,700) ( 8,800) Increase (decrease)
(3,700) 4,300